Member Info for mannnan

The man swinging the axe, new chief executive Angus Forrest, said, “it has been a challenging six months for the business and all associated with it, but sound progress has been made in recent months to better align the cost base with available revenues, moving the company closer to a break-even position. We must not be complacent as there remains a great deal more to be done to turn the business around, but we have confidence that this can be achieved.

On the plus side, the company secured four new customers during the reporting period, most of which were contracted towards the end of the half-year period.

The software firm, which parted company with its chairman and chief executive in June, has been busy cutting costs this year and said that annualised net cost savings of £890,000 have been achieved.

The half-year loss before tax was £575,000, compared to a loss of £538,000 the year before.

Cash and cash equivalents had fallen to £14,000 at the end of September from £326,000 a year earlier but since then the company has raised an additional £550,000 through a placing of shares and another £500,000 through the issue of loan notes.

"It has been a very difficult period since the announcement of the strategic review at the beginning of 2018, as that created uncertainty in the market about the company's position,” said Simon Charles, the non-executive chairman of Imaginatik.

“The company's new management continues to align costs to revenue," he added

The company styles itself as an innovation solution provider
Recovery play Imaginatik Plc (LON:IMTK) said trading began to improve towards the end of the first half of its fiscal year.

The company, which put itself in the shop window earlier this year but found no suitable buyers, said recognised revenues in the six months to the end of September dipped to £1.42mln from £1.73mln the year before.

LSE ....7,148,422....NEX..exchange ...2,228,890......

Member Since: Thu, 15th Aug 2013.....itsallagame.....and today is the first post .what a shame

What you talking about? Hope you are ok

The main thing is the ceo get paid and on time

The man is getting his wages so he is very happy 😃. But who care about. All the shares holers

Rns will come when it’s coming. But this share is different can rise without news but we know the news could be at anytime

Bounce back. But suspended now

Well. Not in hurry we can wait For 30p/40 p. Or fiver yesr high 70/80p

Lse. Showing wrong on top riser lesder board. 40 percent is on top that’s we are

Over 8p.

Who care if dropping the. Bid?

Are you still holding?

Well come to board. And you will get many like spike on the board in/out and in/out. But all the shares not like every time in& out

Easy peasy. 12/15

still can,t buy ...and 1.40 to sell

0.15 coming ?

MisterPositive...i was expecting you ages ago .......after all ....well come to oex